http://clients.westminster-digital.co.uk/minesite/microsite/events/50/video/index.aspx?companyId=50_1
=">http://www.proactiveinvestors.co.uk/pdf/brr.pdf
http://www.mineweb.com/mineweb/view/mineweb/en/page35?oid=39359&sn=Detail
www.braemoreresources.com
http://www.investegate.co.uk/Article.aspx?id=200711010702217873G



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http://www.resourceinvestor.com/pebble.asp?relid=38513
http://www.proactiveinvestors.co.uk/articles/art.php?BRR2
cyril

Moving on up strongly.

Braemore Resources PLC
17 April 2008


17 April 2008

AIM:BRR

Braemore Resources Plc

('Braemore' or 'the Company')

Board Changes

The Board of Braemore today announces that Hamish Bohannan has resigned from the
Company with immediate effect.

Mr. Bohannan was appointed Managing Director and Chief Executive Officer of the
Company in November 2006. The settlement terms of the resignation included the
cancellation of the 10,000,000 options granted to him to buy ordinary shares in
the Company.

The Board has appointed David Russell and Clayton Dodd as acting Interim Joint
Chief Executive Officers. Clayton Dodd is currently an Executive Director of the
Company, however David Russell will not be appointed to the Board during this
interim appointment.

David Russell worked alongside Mr. Bohannan from 2006-2007 as an Executive
Director of Braemore's subsidiary Independence Platinum Limited, and currently
works as a consultant to Atomaer Holdings, a shareholder in Braemore. He is a
geologist and investment analyst with over 25 years experience in the resource
finance and mineral resources industries specializing in platinum group metals,
nickel and gold. He is also a Member of the Australasian Institute of Mining and
Metallurgy, a Senior Affiliate of the Securities Institute of Australia and a
member of the Geological Society of South Africa

David Humann, Chairman of Braemore, commented: 'The Board would like to thank
Hamish for the significant contribution he has made to developing the platinum
and nickel business over his 15 months with Braemore.

The Company are fortunate to have David Russell and Clayton Dodd step into the
role of acting Joint Chief Executive Officers to continue progress on the
development of our platinum and nickel projects for the time being, whilst we
search for a new Chief Executive Officer. This process is well advanced and a
further announcement will be made in due course.'
For further information, please contact:

Braemore Resources Plc
David Humann
Chairman
Tel (Office): +61 8 9218 8833
Tel (Mobile): +61 412 469 193

Investec Bank (UK) Limited
Gerard Kisbey-Green
Tel: +44 20 7597 5167

Parkgreen Communications
Justine Howarth / Erica Nelson
Tel +44 20 7851 7480

Pretty sudden departure of the CEO no reason given?

good buying opp tomorrow sp will drop !!!!!!!!!

09.13.36 and 10 seconds later a load of stop losses triggered by mm's. When will people learn that if they want to keep a sound investment, then don't set them.

It just makes it easy for mm's to make money by forcing sp down, for cheap shares.

Why did the CEO quit?

Well i bought some at 9.7p, seems to be the support level. If they dropp further i will consider buying more. Whatever, these latest are for my bottom draw, probably
2010/11 before the real potential of this company is realised. So anything above 12.5p then will beat any saving's plan.
cyril

8.32p to buy, many thanks to proactiveinvestors, I've stopped my subscription.

P/active imo give solid information on known facts which may be missed by the ordinary investor, its for us to decide what to do with it and when to invest?This company must be judged on a 2/3 year time frame.
Still if your down on your investment it sometimes hard to swallow, so think of it as a long term investment and if possible top up on dips, thats my plan.
lol
cyril

In the meantime what is happening to the company after the sudden departure of the CEO? It is all very well saying sit on your hands and do nothing but for all shareholders know things may be going from bad to worse. It appears from the daily trades BRR sp is being "walked down" by the MM's.

Could fall to 5/6p now that would be interesting.

Those 3 large "sells" late this afternoon may well have been delayed trades due to their size with the bargain struck earlier in the day when they would have been "buys". Don't see the price rising even by only 0.15p net on the day, if they were sells. So someone love's us.

Mind you chart still looks awful - need to get back above 10.25p and climbing - and the disappearing CEO is indeed leaving sentiment vulnerable (except those large buys, presumably in the know). Chairman said search for his replacement was at an "advanced stage" - so I guess it was not a surprise to him, so why did he leave so suddenly without a replacement - couldn't wait to go, or wasn't allowed to stay?

I cut my losses a while back but I'm now getting interested again. The technology hasn't changed and it only needs a big miner to get more involved for the sp to rise again. The CEO could well have been too bullish in his announcements as he left after falling out with the board--so it's said on the other side.

Also worth noting that the temps running the co. were the previous people in charge so they are not novices.

I suggest rereading some of the articles in the lead post, 96% nickel from the tailings also producing Platinium so plenty of progress to justify a higher SP. A bit of news and we're off again,i'm happy to wait it out and "if" we do drop further will add to my holdings.
cyril

I would have thought they need to raise a massive amount of funds to progress both the platinum project and the Nickel project, tricky for a small cap to do at the best of times, but right now?
That could lead BRR to be a take-out target, but with Atomaer holding a controlling stake, that option is dead in the water.
Tricky to see where they go from here, lot of potential but not the wherewithall to do much about that potential. They need a partner with deep pockets, imo.

BHP are a potential partner in OZ.

Check out the mineweb article in the header, ref to monies and listing on the Johannesberg S/Exchange.
However we don't have to raise money at the moment, as we have projects that attract people automatically.
cyril

read the article, thanks, noc
this bit caught my eye

'Russell said the commercialised Mintek technology used in the new smelters would cut capital and operating costs significantly and improve PGM recovery. A 10MW smelter requires investment of $80m'

So they need 40m, which seems a tall order right now?
Not sure how having 'projects that attract people automatically' helps on the finances, unless they come with wheelbarrows full of the folding stuff?!

Thought they are using somebody elses furnace at the moment?